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The dollar fell on April 17 for the first time in six days as investors consolidated gains after Federal Reserve officials said the rate-cutting cycle was on hold pending new data. Easing expectations for other major central banks were unchanged.
A pause in dollar gains eases pressure on dollar-priced commodities for importers, but the Fed hold keeps the broader currency backdrop supportive of the dollar.
reuters.comHerbert LashApr 17, 2024After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
